The poverty challenge: How individual decision-making behavior influences poverty

Joost M E Pennings, Philip Garcia

Research output: Contribution to journalArticle

Abstract

What drives poverty? We propose a research approach to study poverty by focusing on individual decision-making behavior in which the interaction between individual's innovativeness and time preference rate is crucial to begin understanding poverty. This approach enables policy makers to formulate efficient and effective policy and provides economists with an alternative research tool to study poverty.

Original languageEnglish (US)
Pages (from-to)115-119
Number of pages5
JournalEconomics Letters
Volume88
Issue number1
DOIs
StatePublished - Jul 1 2005

Keywords

  • Decision-making behavior
  • Poverty
  • Research approach

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

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